Prohibited importation of cosmetics without prior regulatory registration attracts seizure and confiscation; warehousing or re export claims do not cu...
Provisional release on security permitted where cash deposit plus bond secures differential duty; classification and treaty benefits referred for deci...
Customs Valuation Rule Sequence must be followed; single-comparator re-determination and penalties set aside without comparability or proof of mis-dec...
Separately Identifiable Services: transportation found to be the essential character, so Cargo Handling classification and extended limitation rejecte...
Amendment revises Core Settlement Guarantee Fund coverage for the commodity derivatives segment to require clearing corporations to calculate credit exposure for standardized stress tests based on the simultaneous default of at least three clearing members (and their associates) causing highest credit exposure, replacing the prior two-member scenario and related provision. The circular also adds a provision permitting SEBI to grant case-by-case exemptions or relaxations from SGF requirements after considering market conditions and adequacy of risk management, and it takes immediate effect.
Amendment revises Core Settlement Guarantee Fund coverage for the commodity derivatives segment to require clearing corporations to calculate credit exposure for standardized stress tests based on the simultaneous default of at least three clearing members (and their associates) causing highest credit exposure, replacing the prior two-member scenario and related provision. The circular also adds a provision permitting SEBI to grant case-by-case exemptions or relaxations from SGF requirements after considering market conditions and adequacy of risk management, and it takes immediate effect.
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